The Dangers of Stock Concentration
Jay Pluimer, AIF® CIMA® Thursday, 24 September 2020
September saw an unexpected drop for tech stocks, leading to a market correction. The Nasdaq 100, the index which best represents the technology sector, dropped by 10 percent in just three trading days. Interestingly, there was no specific reason for this market correction. However, this highlights the potential dangers of stock concentration.
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About the Author
Jay Pluimer brings over 25 years of experience working with Investment Committees and individual investors to Flourish Wealth Management. He has built a career focused on investment research, client conversations about investments, and building diversified portfolios to help clients accomplish their goals. As Director of Investments, Jay is passionate about the opportunity to deliver individualized investment solutions for our clients that help align their resources and goals.